The AAF Exchange — Ep. 139: The Latest Rung on the CR Ladder, a Tax Bill, and the Economic Outlook

Consumer Price Index

March 2024

M/M Change:

+0.4%
Y/Y Change:

+3.5%

Measures the change in prices of all goods and services purchased for consumption by urban households.

Core Consumer Price Index

March 2024

M/M Change:

+0.4%
Y/Y Change:

+3.8%

Consumer Price Index excluding food and energy.

Core Personal Consumption Expenditures Price Index

March 2024

M/M Change:

+0.3%
Y/Y Change:

+2.8%

A measure of prices paid for goods and services excluding food and energy; the Federal Reserve’s preferred measure of inflation.

Producer Price Index

March 2024

M/M Change:

+0.2%
Y/Y Change:

+2.1%

Measures the change in selling prices received by domestic producers of goods and services.

Initial Jobless Claims

Week ending April 27, 2024

208,000

Change:

0
4-week Moving Average:

213,500

Weekly unemployment insurance claims reported by each state’s unemployment insurance program offices.

ISM Services Index

April 2024

Index:

49.4
Change:

-2.0

A level above 50 indicates expansion

ISM Manufacturing Index

April 2024

Index:

49.2
Change:

-1.1

A level above 50 indicates expansion

Consumer Confidence

April 2024

Index:

97.0
Change:

-6.1

Details consumer attitudes, buying intentions, vacation plans, and consumer expectations for inflation, stock prices, and interest rates; 1985=100.

ADP Employment:

April 2024

Change in U.S. Private Employment:

+192,000

Measures change in private-sector employment using ADP payroll data covering more than half a million companies with more than 25 million employees.

Nondefense Capital Goods Orders Excluding Aircraft

March 2024

$73.8B

M/M Change:

+0.2%
Y/Y Change:

-0.8%

A new order is a communication of an intention to buy for immediate or future delivery.

New Residential Construction

March 2024

1,321,000

M/M Change:

-14.7%
Y/Y Change:

-4.3%

Privately owned housing starts; seasonally adjusted at an annual rate.

The AAF Exchange — Ep. 139: The Latest Rung on the CR Ladder, a Tax Bill, and the Economic Outlook

Douglas Holtz-Eakin

President

Douglas Holtz-Eakin

President

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The AAF Exchange — Ep. 139: The Latest Rung on the CR Ladder, a Tax Bill, and the Economic Outlook

Douglas Holtz-Eakin

President

Recent Posts

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Douglas Holtz-Eakin

President

Economic Indicators: Topline Numbers

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Change in U.S. Private Employment:

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